Question

There are four requirements for the production of goods and services. What are they? Explain​

Answer 1

Answer:

The four requirements of production of goods and services are land, labor, physical capital and human capital. Land is the physical place where all the economic activity takes place. ... Labor represents all the people that are available to transform resources into goods or services that can be purchased.

Explanation:

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Answer 2

Explanation:

The four requirements of production of goods and services are land, labor, physical capital and human capital. Land is the physical place where all the economic activity takes place. ... Labor represents all the people that are available to transform resources into goods or services that can be purchased.

Hope it well help you